Top Marijuana Stocks In 2023
When it comes to cannabis investing in 2023 marijuana stocks are the way to go for some. With investing in publicly traded cannabis companies it allows people to own a part of the company. Not just that it also is a way to profit off of a company that you did not need to start or deal with day-to-day operations. As well this is the easier way to get involved with the legal cannabis industry. Most who look for marijuana stocks to watch are trying to find the companies with the least amount of volatility. Often time this comes from ancillary marijuana stocks.
The reason ancillary companies are less volatile is that the main source of business does not rely on cannabis. On the flip side the reason most cannabis stocks see volatile action is they deal solely with cannabis and with the lack of federal reform there is a level of uncertainty. This uncertainty creates fear and that’s when trading begins to fall.
However, when there is a drop in trading this is an opportunity to find top marijuana stocks to buy. When it comes to any type of investing you want to set yourself up for the future even if it takes a bit of time. Plus with the way, much of the sector is trading things have turned into more of a long-term strategy for most investors. The companies below are several pot stocks to keep an eye on as people await stronger momentum.
Marijuana Stocks To Keep On Your Radar 2023
Jushi Holdings Inc.
Jushi Holdings Inc. is a vertically integrated cannabis company that engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions across the United States.
On January 17th the company opened its 37th retail location nationwide and 5th Beyond Hello dispensary in Arlington, Virginia.
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Words From The CEO
“We are excited to continue broadening patient access in Virginia, and look forward to opening our fifth Virginia store at the beginning of the New Year,” said Jim Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi Holdings Inc. “Just a five-minute walk from the Clarendon Metro Station, Beyond Hello™ Arlington, is located in a bustling part of the city, where patients can easily check out historical sites, hit the town to grab a bite, catch some live music or check out a theatrical performance.
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. is an integrated cannabis company, that engages in the cultivation, and production, of cannabis. As well as the distribution, and marketing of cannabis and cannabis-infused products. Which are for medical and retail cannabis markets in Nevada, the United States. On February 7th the company exercised and closes the option to buy the remaining 51% in the Illinois dispensary.
Planet 13 Illinois holds a dispensary license for the Planet 13 dispensary located in Waukegan, Illinois. The dispensary is in a prominent shopping center with multiple stores, restaurants, hotels, and a recently announced casino project. It is off the Interstate 94 highway between Milwaukee and Chicago, close to the Wisconsin border.
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Words From The Company
“We’re thrilled to exercise this option for the remaining 51% of our Planet 13 Illinois dispensary at a price that we view as very accretive,” said Bob Groesbeck, Co-CEO of Planet 13. “This transaction is a good example of our philosophy at Planet 13. One, location is everything.
Columbia Care Inc.
Columbia Care Inc. cultivates, manufactures, and provides cannabis products and related services. It offers flowers, edibles, oils, and tablets under the Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber, and Platinum Label CBD brands. The company holds licenses in 18 jurisdictions in the United States and the European Union.
On February 27th the company and Cresco Labs mutually extended the acquisition closing time. The extension will allow the companies additional time to finalize divestiture agreements. Plus obtain the regulatory approvals required to close. As well Columbia Care will report its Q4 and full 2022 financial results on March 29th.
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